By Glen Hallick
Glacier Farm Media | MarketsFarm – The Canadian dollar closed relatively steady on Friday, following modest upticks in the United States dollar and crude oil.
The loonie closed at US$0.7256 or US$1=C$1.3781 compared to Thursday’s close of US$0.7260 or US$1=C$1.3774. On the U.S. Dollar Index, the greenback rose 0.257 of a point at 98.345.
Benchmark crude oil prices increased on Friday, as the U.S. blocked Venezuelan tankers. However, ample global supplies and eyes on Russia-Ukraine peace talks limited the upside.
West Texas Intermediate added 51 cents at US$56.66 per barrel and Brent crude improved 69 cents at US$60.51/barrel.
The TSX Composite Index jumped 314.92 points on Friday for a new record close of 31,755.77.
Gold was up US$5.10 at US$4,369.60 per ounce.
